Better Business Bureau offers free tools to help consumers manage credit effectively

May 10, 2010 - PRLog -- Better Business Bureau has rolled out a free, new online program called “Managing Credit – Made Simpler.” (www.bbb.org/credit-management)

In a partnership between Better Business Bureau and Capital One Financial Corp., Managing Credit – Made Simpler offers tailored advice on all aspects of managing credit, for students who are struggling with their first credit card to consumers looking for advice on how to pay down high balances.

Connecticut Better Business Bureau President, Paulette Scarpetti, says the new program offers a timely and unique set of tools that will help credit card holders understand and implement credit management.

“This program educates consumers about all aspects of using credit properly, from maintaining a healthy credit score to methods to help people get out from under the weight of heavy credit card balances.  The program teaches skills for establishing good credit habits and taking control of personal finance. ”

Most credit card users understand the need to manage credit effectively, however there is no “one size fits all” answer about how to do it. The needs and perspectives of credit users differ, based on their level of experience with credit and how they use it.  Managing Credit – Made Simpler provides targeted advice for:
•Consumers interested in securing their first credit card or managing a personal credit line for the first time.
•Cardholders who recognize they need long-term guidance on managing their credit efficiently.
•Cardholders who face mounting bills and need advice on how to pay down high balances efficiently.

Credit users can self-select the version that fits their needs best: “New to Credit,” “Balancing Act,” “Overwhelming Obligations”. Topics include strategies to pay off balances faster, how to improve your credit score, reputable resources to get help now, five ways to find more cash and fraud prevention guidelines.

Other resource topics:
•Smart steps to avoid credit trouble
•How to minimize your APR payments
•Strategies to pay off balances faster
•Fraud prevention guidelines

All of the resources and guidance made available through Managing Credit – Made Simpler can be found online for free at www.bbb.org/credit-management/.

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Founded in 1928, Connecticut BBB is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. For more advice on finding companies and businesses, start your search with trust at www.bbb.org.